Today the project receives parliamentary status and discussions begin / X
The Buenos Aires House of Representatives today gave parliamentary status to the budget bill on finance and taxation and to the request for authorization to assume debt worth $1.99 billion sent by Governor Aksel Kisilov to the state legislature.
This was revealed to El Día by a member of the House Budget and Taxation Committee, chaired by Juan Pablo de Jesús, a Peronist from San Clemente del Tuyu.
“The idea is that formal debate on both initiatives will begin next week, with a vote in this chamber at the end of November,” they said.
Last week, state Economy Minister Pablo López, accompanied by ARBA Director Cristian Girard, presented to lawmakers the state’s 2026 budget, which projects a total of $43 billion in spending, compared to $36 billion implemented this year.
The project details $3.2 billion in capital expenditures, $1.7 billion in social assistance, $1.7 billion in health care, $1.3 billion in education, and $1.4 billion in public safety and correctional services.
In the tax chapter, economic officials asserted that the rate of integrated income tax (IIBB) will remain unchanged. 75% of vehicles in the PBA will see a “nominal reduction” in tolls, and the mechanism for setting tolls for urban (residential and vacant land) or rural properties will also remain unchanged. Owner Christian Girard himself assured that these tax “surcharge” charges would be abolished.
But in his presentation, Kisilov made it clear that one of the priorities marked by the state president this week was debt assumption. “We specifically need fiscal legislation to ensure that we can maintain normal operations next year,” state leaders have emphasized multiple times.
In addition, the province of Buenos Aires must meet the maturities of its external debt scheduled for March and September next year, amounting to two tranches of $830 million.
Loans to local governments
The state executive also makes the distribution of resources to local governments conditional on the recognition of debts set out in the Finance Act sent to Congress.
In the framework of the regular press conference held in the Government House, Government Minister Carlos Bianco revealed this Monday to the journalists present: “The state needs this debt to strengthen its coffers, from which it can allocate a part to local governments as planned.” Additionally, he said, “If we establish fixed funds that are not tied to additional resources of any kind, these funds must be distributed by states from their own collections.”
Opposition parties are already calling on the state executive to “share” positions with local governments in constitutional institutions and the Supreme Court, in addition to funding them.
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